Best New Car Deals: November 2023

By

Automotive Content Editor

Meghan Carbary has been writing professionally for nearly 20 years. A published journalist in three states, Meghan honed her skills as a feature writer and sports editor. She has now expanded her skill-set into the automotive industry as a content writer for Auto Credit Express, where she contributes to several automotive and auto finance blogs.


, Automotive Content Editor - November 3, 2023

Heading into the fall, there are still rebate deals to be found on new SUVs, cars, and trucks if you know where to look. The biggest new car rebate deals in November can be worth up to $33,000, based on our analysis of special offers from every major car brand. As we move toward 2024, we're starting to see some deals worth looking at for car buying and leasing again, though nothing like we've seen in years past.

Some deals have still been harder to find because of the ongoing shortages, but supply is building. Interest rates are still high across the industry, and there haven't been quite as many discounts as we'd expect, so any big-money rebates are a welcome sight.

Be aware that the biggest discounts are often limited to certain trims and may come with a requirement to finance your purchase through the brand's captive lender. This month, be on the lookout for model year-end deals when you're considering the lease or purchase of your next vehicle.

At this time of year, shoppers may also want to explore the best Black Friday car deals.

Best SUV Rebate Deals

2023 Hyundai IONIQ 5

The Hyundai IONIQ 5 offers one of the brand's most significant potentials for savings with $7,500 in savings on a new 2024 model on the West Coast when you lease. On top of that, eligible customers can combine the lease credit with a $2,500 conquest bonus. You don't often see such significant savings potential on such a popular model, let alone a brand-new one. We consider this to be one of the best EV lease deals around.

If you prefer to purchase, you can take a low APR of 0.99% for 48 months on a 2024 Hyundai IONIQ 5 4x2 Standard Range. Check with your local dealer to see what's available.

2022 Hyundai Nexo

The Hyundai Nexo hydrogen fuel cell SUV offers the brand's most significant potential for savings with $33,000 in bonus cash on a new 2023 model in California when you purchase. This offer combines with a great low rate of 0% APR financing for up to 72 months. We consider this to be one of the best deals around. The Nexo is only sold in California, so this is a regional deal. Check with your local dealer to see what's available near you.

2024 BMW iX

The 2024 BMW iX offers the brand's biggest potential for savings when you lease in California. Right now, the iX is eligible for a $9,900 lease credit when you choose this model. We don't typically see this big of a discount from BMW, so it's a good time to get in on this deal while you can. Deals may vary by trim, check with your local BMW deal to see what's available in your area.

2024 BMW XM

The 2024 BMW XM offers the brand's biggest potential for savings when you purchase in California. Right now, the XM is eligible for a $9,900 credit when you choose this model. We don't typically see this big of a discount from BMW, so it's a good time to get in on this deal while you can. Deals vary by trim, check with your local BMW deal to see what's available in your area.

2023 Jeep Grand cherokee 4xe

The 2023 Jeep Grand Cherokee 4xe offers the brand's biggest potential for savings when you lease in California on select trims. This offer starts with a $7,500 Federal Tax credit, then adds cash for CARB states of $3,000, and offers a $1,000 California Bonus cash deal. Offers vary in other parts of the country, so be sure to ask your dealer about all the possible savings. Be aware that Bonus Cash varies by trim.

2022 Jeep Compass

The 2023 Jeep Compass offers the potential for additional savings when you purchase this month. For November, you can get up to 15% off a new Jeep Compass in Latitude 4x4 trims when you finance through Chrysler Capital. This deal can mean thousands off a purchase for qualifying customers. This is a standalone deal and cannot be combined with any other offer. Right now, the compass is also being offered with a 1.9% APR for 36 months, though your rate may vary. These offers are available in California, but similar offers may be available in your region. Offers vary by trim.

2022 Jeep Compass

The 2023 Jeep Renegade offers the potential for additional savings when you purchase a Latitude 4x4. For November, you can get up to 10% off a new Jeep Renegade when you finance through Chrysler Capital. This deal can mean thousands off a purchase for qualifying customers. This is a standalone deal and cannot be combined with any other offer. Right now, the Renegade is also being offered with a 1.9% APR for 36 months, though your rate may vary. These offers are available in California, but similar offers may be available in your region. Offers vary by trim.

2022 Dodge Durango

This regional deal on a new 2023 Dodge Durango starts with $2,500 in customer cash available in California and then adds a $750 finance bonus for financing with Chrysler Capital. We don't see deals on the Durango very often, so it may be a good time to take advantage while you can. Discount varies by trim and varies by region.

2023 Lexus RZ

This regional deal on a new 2023 Lexus RZ 450e starts with $7,500 in customer cash available in most regions. However, in Western Regions of the U.S., like California, you may qualify for up to $15,000 off. This may be a good time to take advantage of the lease discount on Lexus' first EV while you can, we don't know how long it will stick around. Discounts vary by trim and vary by region so check with your local Lexus dealer for discounts that apply to you.

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    Best Car Rebate Deals

    2024 Audi RS e-tron GT

    The 2023 Audi RS e-tron GT offers one of the brand's most significant potentials for savings with $30,000 in savings on a new 2024 model in California when you purchase. This offer is a National Customer Credit which is available to all buyers. If you're looking for a slightly more affordable version of the Audi, you can opt for the non-RS, 2023 e-tron GT and get $20,000 off of MSRP. These deals are some of the highest we've seen from Audi in a long time.

    2023 Audi A8

    Right now, shoppers can get an exciting offer when they choose to purchase a new 2023 Audi A8. This deal is a $17,500 customer cash offer that is available nationally. This offer is also available as a lease credit. This deal and its cash offers vary by model and trim, see your local dealer for deals in your area.

    2024 BMW i7

    The 2024 BMW i7 offers the brand's biggest potential for savings when you lease in California. Right now, the i7 is eligible for up to a $9,900 lease credit when you choose this model. Eligible customers can stack the lease credit with a $3,000 lease loyalty bonus, making for a $12,900 rebate. We don't typically see this big of a discount from BMW, so it's a good time to get in on this deal while you can. Deals may vary by trim, check with your local BMW deal to see what's available in your area.

    2022 Dodge Charger

    Right now, shoppers can get an exciting offer when they choose to purchase a new 2023 Dodge Charger GT RWD. This deal is a $2,000 bonus cash offer that is available nationally. This offer is also able to be combined with Chrysler Capital's current APR deal on the Charger. This deal and its cash offers vary by trim, see your local dealer for deals in your area.

    2022 Dodge Challenger

    This month, shoppers may qualify for an exciting offer when they choose to purchase a new 2023 Dodge Challenger SXT. This deal offers customers $2,000 in retail bonus cash which is available nationally. This deal and its cash offers vary by trim, see your local dealer for deals in your area.

    2022 Chrysler 300

    Right now, you can take advantage of the final year of the Chrysler 300 with $2,000 in bonus cash that is available to all consumers. This bonus is no longer stackable with the current 6.9% APR that is being offered on this outgoing model. Discounts vary by trim and engine choice, to qualify for the full $2,000 you must equip the S trim with the V6 engine. See your local Dodge dealer for more details.

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      Best Truck Rebate Deals

      2022 RAM 1500

      Yes, you read that right! This incredible deal applies to the 2023 RAM 1500 Classic. This offer has the potential to be one of the biggest discounts on a truck this month and applies to most trims in some parts of the country. This rebate deal is above average given market conditions and inventory shortages that are being seen across the country. Certain restrictions and requirements apply to this offer. Offers may vary by trim, check with your local dealer to see your potential savings.

      2022 RAM 2500

      This hefty deal applies to the 2023 RAM 2500 and RAM 3500 trucks, which had previously been excluded. As one of the biggest discounts on a truck this month, it applies to most trims. As with many of the discounts we're seeing from Stellantis this month, this rebate deal is above average given market conditions. Certain restrictions and requirements apply to this offer. Offers may vary by trim, check with your local dealer to see your potential savings.

      2022 RAM 1500

      This deal applies to the 2023 Jeep Gladiator in High Altitude 4x4 trim. This offer has the potential to be one of the biggest discounts on a truck this month. This rebate deal is above average given market conditions and inventory shortages that are being seen across the country. Certain restrictions and requirements apply to this offer. Offers may vary by trim, check with your local dealer to see your potential savings.

      2023 Nissan Titan

      The 2023 Nissan Titan offers a low APR and a cash bonus of $1,500 for November. This deal combines a $3,000 customer cash bonus and $500 in NMAC cash that can be combined with Nissan's 0% APR for 60 months on select trims. The biggest rebates can be found on the Crew Cab Titan and the Titan XD, in certain trims, some exclusions apply. This offer is available nationally. If you're looking for more cash on the hood, you could qualify for up to $3,000 in lieu of taking the low APR.

      Best Minivan Rebate Deals

      2023 Chrysler Pacifica

      Right now, shoppers can get an exciting offer when they choose to lease a new 2023 Chrysler Pacifica Plug-in Hybrid in California. The highest discount will come for eligible shoppers who choose to lease their Pacifica through Chrysler Captial. The Touring L trim may get you up to $15,750 in rebates. This starts with a $7,500 federal tax credit, adds in a $6,000 CA Clean Vehicle Rebate, $1,500 in California bonus cash, and finally rounds out with a $750 Chrysler Captial financing bonus.

      For those who prefer to purchase, you could be eligible for 0% APR on a new 2023 Pacific plug-in hybrid, and no payments for 90 days. These deals and their cash offers vary by trim, see your local dealer for deals in your area.

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      , Automotive Content Editor

      Meghan Carbary has been writing professionally for nearly 20 years. A published journalist in three states, Meghan honed her skills as a feature writer and sports editor. She has now expanded her skill-set into the automotive industry as a content writer for Auto Credit Express, where she contributes to several automotive and auto finance blogs.


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